State Street Corporation and International Financial Data Services have been appointed by Vanguard Investments UK to provide a range of service solutions for its launch of a UK domicile
State Street Corporation and International Financial Data Services have been appointed by Vanguard Investments UK to provide a range of service solutions for its launch of a UK domiciled fund range.
State Street has been appointed to provide custody, fund accounting and depository services for the new Vanguard range of Oeics.
IFDS will provide a full range of integrated transfer agency services including its customer call centre, as well as its platform and distributor servicing solution. The solution provides a single point of contact for more than 80 platforms and large distributors as well as online reporting and information for more than 1,000 IFAs via the web-based portal DistributorOnline.
IFDS provides service and technology solutions for distributors, advisers and investors in Canada, Ireland, Luxembourg and the UK, as well as via Boston Financial Data Services to the US market.
Tom Rampulla, managing director of Vanguard Investments UK, says: ‘We are very happy that IFDS and State Street are helping implement our funds in the UK. Our clients expect the utmost in service and we are confident that they will provide this and help ensure that we are well supported in all aspects of our business. We look forward to a strong and lasting relationship with both IFDS and State Street.’
Simon Hudson-Lund, chief executive officer of IFDS, adds: ‘I am delighted that Vanguard selected IFDS and State Street as their service providers. We have a long track record of delivering an unbeatable solution for organisations not just in the UK but around the world. We are excited about the launch of Vanguard in the UK and look forward to working with them as they grow their business.’